QUANTITATIVE ANALYSIS C723 - UNIT 2 QUESTIONS
AND ANSWERS
What is Quantitative analysis? - Answers - The process of collecting and evaluating
measurable and verifiable data such as revenues, market share, and wages. ...
What is the business purpose of Quantitative Analysis? - Answers - To determine its
success, and to make purchasing decisions, marketing decisions, and even sales
decisions.
What is Qualitative Analysis? - Answers - Uses subjective judgment to analyze a
company's value or prospects based on non-quantifiable information, such as
management expertise, industry cycles, strength of research and development, and
labor relations. Thoughts/opinions
What is the difference between Qualitative and Quantitative analysis? - Answers -
How is quantitative analysis used in business decision making? - Answers - Qualitative
analysis fundamentally means to measure something by its quality rather than quantity.
... When we do quantitative analysis, we are exploring facts, measures, numbers and
percentages.
What business problems can be solved using qualitative analysis methods? - Answers -
What business problems can be solved using quantitative analysis methods? - Answers
- Lack of cash flow, maximizing profits, minimizing errors, increasing revenue, inventory
analysis, and project scheduling.
Objective - Answers - Measurable data often obtained through observations or testing.
Independent - Answers - Variable that is free to change in a given model.
Qualitative - Answers - Analysis using subjective data.
Correlation - Answers - Measure of the strength of the linear relationship between
variables.
Mediating - Answers - Variable that explains the relationship between the independent
and dependent variables
Subjective - Answers - Non-measurable data often obtained through surveys or
interviews.
Metric - Answers - Measurement used to gauge performance
AND ANSWERS
What is Quantitative analysis? - Answers - The process of collecting and evaluating
measurable and verifiable data such as revenues, market share, and wages. ...
What is the business purpose of Quantitative Analysis? - Answers - To determine its
success, and to make purchasing decisions, marketing decisions, and even sales
decisions.
What is Qualitative Analysis? - Answers - Uses subjective judgment to analyze a
company's value or prospects based on non-quantifiable information, such as
management expertise, industry cycles, strength of research and development, and
labor relations. Thoughts/opinions
What is the difference between Qualitative and Quantitative analysis? - Answers -
How is quantitative analysis used in business decision making? - Answers - Qualitative
analysis fundamentally means to measure something by its quality rather than quantity.
... When we do quantitative analysis, we are exploring facts, measures, numbers and
percentages.
What business problems can be solved using qualitative analysis methods? - Answers -
What business problems can be solved using quantitative analysis methods? - Answers
- Lack of cash flow, maximizing profits, minimizing errors, increasing revenue, inventory
analysis, and project scheduling.
Objective - Answers - Measurable data often obtained through observations or testing.
Independent - Answers - Variable that is free to change in a given model.
Qualitative - Answers - Analysis using subjective data.
Correlation - Answers - Measure of the strength of the linear relationship between
variables.
Mediating - Answers - Variable that explains the relationship between the independent
and dependent variables
Subjective - Answers - Non-measurable data often obtained through surveys or
interviews.
Metric - Answers - Measurement used to gauge performance
